Spell Token (SPELL) Gets Listed on KuCoin!

Dear KuCoin Users,

KuCoin is extremely proud to announce yet another great project coming to our trading platform. Spell Token (SPELL) will be available on KuCoin. Supported trading pair is SPELL/USDT.

Please take note of the following schedule:

1. Deposits Effective Immediately (Supported Network: ERC20)
2. Trading: 9:00 on April 7, 2022 (UTC)
3. Withdrawal: 10:00 on April 8, 2022 (UTC)

Tags: DeFi, Stake, Yield Farming

Project Summary

*key metric numbers are calculated as of April 6, 2022.

Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM). Abracadabra uses the Kashi Lending Technology pioneered by SushiSwap (SUSHI) to provide isolated lending markets that allow users to adjust their risk tolerance according to the collateral they decide to use. Users can deposit collateral and borrow MIM against it. Abracadabra also offers yield farming opportunities, where users can stake their liquidity provider (LP) tokens to farm SPELL. This facilitates better liquidity for certain cryptocurrency pairs, currently Ether (ETH)-Spell Token (SPELL) and Magic Internet Money (MIM)-LP 3pool Curve (3CRV). Furthermore, users can also open leveraged farming positions using borrowed MIM from their interest-bearing collatera

Official Website: https://abracadabra.money

Whitepaper: Click to view

Risk Warning: Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market, however, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.

Regards,

The KuCoin Team

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